Algert Global LLC Buys 9,508 Shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS)

Algert Global LLC raised its position in shares of Virtus Investment Partners, Inc. (NASDAQ:VRTS - Free Report) by 57.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,167 shares of the closed-end fund's stock after purchasing an additional 9,508 shares during the period. Algert Global LLC owned 0.37% of Virtus Investment Partners worth $5,481,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Cetera Advisors LLC acquired a new stake in Virtus Investment Partners in the 1st quarter valued at about $657,000. Quest Partners LLC raised its holdings in shares of Virtus Investment Partners by 183.0% during the second quarter. Quest Partners LLC now owns 8,287 shares of the closed-end fund's stock worth $1,872,000 after acquiring an additional 5,359 shares in the last quarter. Bailard Inc. acquired a new stake in shares of Virtus Investment Partners during the 2nd quarter valued at about $700,000. Meritage Portfolio Management lifted its stake in Virtus Investment Partners by 36.1% in the third quarter. Meritage Portfolio Management now owns 22,321 shares of the closed-end fund's stock valued at $4,675,000 after acquiring an additional 5,919 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in shares of Virtus Investment Partners by 14.6% in the 2nd quarter. Millennium Management LLC now owns 28,113 shares of the closed-end fund's stock valued at $6,349,000 after purchasing an additional 3,589 shares during the last quarter. Institutional investors and hedge funds own 80.52% of the company's stock.

Virtus Investment Partners Price Performance

NASDAQ VRTS traded up $1.94 during midday trading on Monday, hitting $244.03. The company had a trading volume of 46,948 shares, compared to its average volume of 42,717. Virtus Investment Partners, Inc. has a twelve month low of $190.42 and a twelve month high of $263.39. The firm has a 50-day moving average price of $219.02 and a 200-day moving average price of $219.53. The company has a current ratio of 11.86, a quick ratio of 11.86 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $1.71 billion, a PE ratio of 14.83 and a beta of 1.45.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on VRTS shares. Barclays assumed coverage on Virtus Investment Partners in a report on Tuesday, August 27th. They issued an "underweight" rating and a $206.00 target price on the stock. Morgan Stanley upped their target price on shares of Virtus Investment Partners from $208.00 to $217.00 and gave the company an "underweight" rating in a research note on Friday, October 18th. Finally, StockNews.com upgraded Virtus Investment Partners from a "hold" rating to a "buy" rating in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $233.50.

Virtus Investment Partners Profile

Virtus Investment Partners, Inc is a publicly owned investment manager. The firm primarily provides its services to individual and institutional clients. It launches separate client focused equity and fixed income portfolios. The firm launches equity, fixed income, and balanced mutual funds for its clients.